With the continuous rise of inventories, Lun aluminum fell last week, aluminum prices once fell to a new low of two and a half months, compared to the end of the final still failed to stand above 1,800 US dollars, down 27 US dollars to 1,799. In the short term, prices will continue to weaken as $1800 goes down. At the same time, sufficient supply of fundamentals will put pressure on prices.
Domestic aluminum prices fell today, and transactions continued to shrink. By the close of trading, the contracts fell by around 20 yuan from the previous trading day. Since the Shanghai stock market did not have large funds to intervene, the liquidity was poor. Therefore, despite the broken position, the domestic decline will be relatively small. Operation is not recommended for intervention. (Xu Junbin)